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when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. 8 days ago, secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts and an infinite increase in the death lemmas like forever. four days ago we offered a serious proposal. since then, there has been no counteroffer from the white house. instead, reports indicate the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president thought the tax rate hikes he wanted, we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem, not a revenue problem. the president does not agree with our proposal. i believe he has an obligation to families and small businesses to offer a plan of his own, and plan that can pass both chambers of the congress. we are r
when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. 8 days ago, secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts and an infinite increase in the death lemmas like forever. four days ago we offered a serious proposal. since then, there has been no counteroffer from the white house. instead, reports indicate the...
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that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security, medicare, and medicaid and other programs that working families need, not so much because of deficit reduction, because this has been the agenda of republicans and right wingers for a very long time. >> so how do you see this fiscal debate playing out in the next couple of weeks? >> we have, those of us who say that deficit reduction is a serious issue, i believe it is. but believe very strongly that at a time when we have the most unequal distribution of wealth and income of any major country on earth, people on top doing phenomenally well, middle class is disappearing. that most americans agree with many of us
that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security,...
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. >>> and fiscal cliff talks. stay with us. you're watching "the ed show" on >>> unemployment hits a four had-year low, but republican obstruction is keeping the country from creates more jobs. we'll bring you the latest numbers and i'll ask david cay johnston why now is the time to focus on job creation. >>> and the supreme court will hear two cases on same-sex marriage. we'll get the details from jonathan turly later on in this hour. share your thoughts on facebook and twitter. we're coming right back. >>> welcome back to "the ed show." we have seen a lot of obstructionism from the republicans. trying to stop progress has z how they do business. latest move from senate minority leader mitch mcconnell just might take the cake. he threatened to filibuster his own bill. mcconnell proposed legislation to give the president the authority to raise the debt ceiling. under the plan, congress would need a two-thirds majority to stop him. it's a proposal that president obama likes. so why would mitch mcconnell propose such a bill? to e
. >>> and fiscal cliff talks. stay with us. you're watching "the ed show" on >>> unemployment hits a four had-year low, but republican obstruction is keeping the country from creates more jobs. we'll bring you the latest numbers and i'll ask david cay johnston why now is the time to focus on job creation. >>> and the supreme court will hear two cases on same-sex marriage. we'll get the details from jonathan turly later on in this hour. share your thoughts on...
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when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the president is not being a helpful negotiator, even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pelosi seems perfectly happy putting pressure on the republicans. >> why are we not
when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the...
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. >>> coming up, the fight over the fiscal cliff is putting american jobs at risk. one of these congressional members is lying about the problem. we'll use the newest job numbers to get to the truth next. >>> and republicans in michigan are ramming through antiunion legislation and hurting middle class americans in the process. the people of michigan are outraged. we're talking to lansing, michigan's mayor. we're right back. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ve a cold,nouncer ] alka-seltzer plus presents the cold truth. and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a deconges
. >>> coming up, the fight over the fiscal cliff is putting american jobs at risk. one of these congressional members is lying about the problem. we'll use the newest job numbers to get to the truth next. >>> and republicans in michigan are ramming through antiunion legislation and hurting middle class americans in the process. the people of michigan are outraged. we're talking to lansing, michigan's mayor. we're right back. one is for a clean, wedomestic energy future that...
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these new job numbers, does this give the president a better position on the fiscal cliff talks? >> i don't think it changes very much. it's part of a continuing trend we've seen over the last three or four years, very steady but moderate job growth. i think as time passes clearly the president is holding the cards. his leverage becomes greater and greater. it's interesting speaker boehner canceled one day of business. he's already canceled one day of business next week. i think what he's trying to do is get his members out of town, out of washington so they can't coalesce under a strategy to undermine what he's doing. i think he's seriously looking through this. >>> let's listen to what he said during a press conference yesterday. this is speaker boehner. >> even if the president got the tax rate hike he wanted, understand we would continue to see trillion dollar deficits for as far as the eye can see. >> listen, washington has got a spending problem, not a revenue problem. >> does the speaker have a point? >> well, not really. we do have a revenue problem. revenue is at the low
these new job numbers, does this give the president a better position on the fiscal cliff talks? >> i don't think it changes very much. it's part of a continuing trend we've seen over the last three or four years, very steady but moderate job growth. i think as time passes clearly the president is holding the cards. his leverage becomes greater and greater. it's interesting speaker boehner canceled one day of business. he's already canceled one day of business next week. i think what he's...
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun preparing for use a nerve gas, one that's capable of killing thousands of people. the question is is the syrian president bashar assad ready to unleash a chemical weapon on his own people. the latest analysis coming up. don't expect to start using your cell phones on airplanes. at least not yet. it could soon be okay to use your ipad, kindle and laptop takeoff and landing at least if one government heavy hitter gets his way.
when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is...
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us with a counteroffer. >> shortly after, house minority leader nancy pelosi put the blame back on republicans. let's listen. >> the only obstacle standing in the way of middle income tax relief are the republicans' unwillingness to ask the top 2% to pay their fair share. this is a moment of truth. the clock is ticking. christmas is coming, the goose is getting fat, but in many homes across america it's very -- a very, very lean time. >> and today's jobs report showing 146,000 jobs added in november and unemployment dipping to 7.7% may give the president some leverage in negotiations with boehner. but while the president
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us...
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both numbers better than expected in the wake of hurricane sandy and fiscal cliff anxiety. >> so it looks like sandy will not affect the numbers even after revisions. >> reporter: georgetown's harry holzer, former chief economist for the labor department. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job growth in september and october was revised down by 49,000 jobs. and for all the talk of a lower unemployment rate, its explanation seemed to be that several hundred thousand more americans stopped looking for work in november and were counted out of the labor force. again, economist holtzer. >> this month's change was driven completely by the fact some people
both numbers better than expected in the wake of hurricane sandy and fiscal cliff anxiety. >> so it looks like sandy will not affect the numbers even after revisions. >> reporter: georgetown's harry holzer, former chief economist for the labor department. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month--...
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. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts for the wealthy in place, the biggest issue that divides them, instead he said this. >> there are a lot of things possible for the revenue, to put on the table. but none of it will be possible if the president insists on his position, insists on my way, or the highway. >> reporter: aides to john boehner and the president who are doing the negotiating are tight-lipped. but others suggest possible compromise on the thorny tax issue. one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small b
. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts...
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how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt the recovery that we're having. and if you do, congress, it will be your fault. >> and then as far as the job approval numbers for the president, and this is going to play into this leverage negotiation, as well. how is the president handling his job as president. this is an average of the major polls. 53% approve of the job he's doing. 43% disapproved. that's a three-year high. >> and our monitor poll out this week. 53% approval. and the widest gap we've had on whether people prefer him or republicans. he has a stronger hand in this debate, partially beca
how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt...
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fiscal cliff negotiations? >> well, you know, you're right. some folks look at this and say the economy's strong enough. it should be able to digest big tax increases spending cuts. others look at it and say look we still have a very high unemployment rate, a long way to go to get back to full employment. the economy can't tolerate big tax increases and spending cuts. most political debates the realitis in beten. we do need to addres o fiscal problem so we do need to go through some spending cuts and we also need some tax revenue increases. but we have to phase it in over time, otherwise the economy will choke on that. we can't have too much restraint too quickly. so we have to phase this in, smooth it in to make it palpable for the economy. >> susie: until that happens, there is a lot of anxiety in the labor market. the big fear for many individuals and for investors is that companies are going to start laying off workers. we saw this week that cities he annnced 11,000 job cuts, is this the beginning of a tren
fiscal cliff negotiations? >> well, you know, you're right. some folks look at this and say the economy's strong enough. it should be able to digest big tax increases spending cuts. others look at it and say look we still have a very high unemployment rate, a long way to go to get back to full employment. the economy can't tolerate big tax increases and spending cuts. most political debates the realitis in beten. we do need to addres o fiscal problem so we do need to go through some...
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. >>> new job numbers, fiscal cliff talks, legalize medical marijuana. all the news was fodder for late night comedians this week. here are just some of our favorite late night laughs. >> some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it. >> the unemployment rate has fallen to the lowest level in four years. well, the bad news, most of those jobs involve wearing a red suit, a beard and have a kid pee in your lap. >> house speaker john boehner said his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk, but no action. yeah. a lot of talk, but no action or as they call that in college, date. >> you know what's really popular now, weed. weed. yeah, you can get it in washington legally and you can get it in colorado legally and 60% of americans say they're in favor of legalizing weed and it's, it's too bad that this comes just when twinkies is going out of business. i mean -- >> day two of legalized marijuana in washington state and you think pot smoker
. >>> new job numbers, fiscal cliff talks, legalize medical marijuana. all the news was fodder for late night comedians this week. here are just some of our favorite late night laughs. >> some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it. >> the unemployment rate has fallen to the lowest level in four years. well, the bad news, most of those jobs involve wearing a red suit, a beard and have a kid pee in...
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fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence floated. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. >> reporter: not really. even though the two sides are talking, they aren't making much progress. remember that phone call between the president and the speaker a couple days ago? >> the phone call was pleasan
fiscal cliff negotiations are now in the hands of just two people. president obama and house speaker john boehner. abc's david kerley joins us live with the latest. david, we have a positive jobs report. better than expected. consumer confidence floated. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if...
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. >> it comes to the fiscal cliff that's threatening our economy and threatening jobs, and the white house has wasted another week. >> ainsley: why speaker john boehner says the president's my way or the highway approach is getting us nowhere. >> clayton: and washington state got high, but how the anti-drug program says it won't dare teach our middle schoolers about marijuana, it's not age appropriate. do they have a point? we report, you decide. >> eric: and super storm sandy couldn't wipe away his home, but something else did. >> she said are you sure your house is gone. miss, you misplace a pen or pencil, you don't misplace a house. >> clayton: vanished, that man will tell us how that house just vanished. "fox & friends" hour four starts right now. ♪ . [rooster crowing] >> welcome into "fox & friends" on this saturday morning, thanks so much for waking up with us. this is ainsley. >> ainsley: hi. >> clayton: in for ali and eric for dave and i'm the only one on the regular crew. >> ainsley: where did they go, to christmas parties and couldn't make it in? you never know we're focu
. >> it comes to the fiscal cliff that's threatening our economy and threatening jobs, and the white house has wasted another week. >> ainsley: why speaker john boehner says the president's my way or the highway approach is getting us nowhere. >> clayton: and washington state got high, but how the anti-drug program says it won't dare teach our middle schoolers about marijuana, it's not age appropriate. do they have a point? we report, you decide. >> eric: and super storm...
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. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle class families, then we're also go to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher could be the key to compromise. the top tax rate is set to rise from 35 to 39.6% on january 1st. when asked if a middle ground could be found, both boehner and bide enshowed wiggle room. >> the top brackets have to go up. this is not a negotiatiable issue. theoretically we could negotiate how far up. >> at a local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their acts together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: she said it, alex. now john boehner after that comment yesterday
. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle class families, then we're also go to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much...
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cliff the question of course is what to do about the struggling economy and that is certainly not a new one two and a half years ago two men former u.s. senator alan simpson are republican and former white house chief of staff for president clinton erskin bowles a democrat came up with a possible solution what they came up with is known to those even outside of the ball outside the beltway as the simpson bowles or the bull simpson plan depending on which way you see it and despite falling short of passing it off and took center stage and talks about the economy for most of the year expression leave during the presidential campaign governor what about simpson bowles you support simpson bowles simpson bowles the president should have grabbed that i mean do you support some simple i have my own plan it's not the same as in symbols but in my view the president should have grabbed it if you want to make some adjustments to that take it go to congress fight for it that's what we've done made some adjustments to it and we're putting it forward before congress right now but even though you
cliff the question of course is what to do about the struggling economy and that is certainly not a new one two and a half years ago two men former u.s. senator alan simpson are republican and former white house chief of staff for president clinton erskin bowles a democrat came up with a possible solution what they came up with is known to those even outside of the ball outside the beltway as the simpson bowles or the bull simpson plan depending on which way you see it and despite falling short...
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out phone shall of going over that fiscal cliff this, is adding2÷, 136,000 people added to payrolls and national unemployment rate fell to 7.7%. the dow chimed 81 points. nasdaq went the opposite direction because the stock has been in free fall lately. dropping another $14 a share today, cisco no longer content to be the number one maker of internet gear. the company outlined a strategy for becoming a leader leading supplier of information technology. that is a shift to service supplier for big businesses. the company making oscar statues is givingw"o notice to 100 employs that 40% of the staff in chicago has been bought by a canadian firm. >> two large earthquakes struck a ring of fire today on the other side of the pacific ocean. according to the survey this earthquake rocked north island of new zealand about 200 miles of aukland occurring there about 1020 our time. no major decisions reported. about 6,000 miles north a 7.3 quake hit japan today. one measured 6.2 this, video taken after 5:00 p.m. in japan, tall buildings in tokyo swayed for several minutes but there was little da
out phone shall of going over that fiscal cliff this, is adding2÷, 136,000 people added to payrolls and national unemployment rate fell to 7.7%. the dow chimed 81 points. nasdaq went the opposite direction because the stock has been in free fall lately. dropping another $14 a share today, cisco no longer content to be the number one maker of internet gear. the company outlined a strategy for becoming a leader leading supplier of information technology. that is a shift to service supplier for...
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. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher could be the key. the top tax rate is set to rise from 35% to 39.6% on january 1st. when asked if a middle ground could be found, both boehner and biden showed some wiggle room. >> the top brackets have to go up. it's not a negotiable issue. theoretically we can negotiate how far up. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city he
. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how...
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and buying more cars and supposedly if we avoid going over this fiscal cliff it will be good for the manufacturing sector. you are not saying happy days are here again, but there is cause for caution. >> i am saying let's not pop champagne bottles. let's see how this goes month after month for a period of six months. and then make a better a -- make a better assessment fnlt. >> if you were advising those people, kyle, who find themselves with smaller salaries, what do you say? >> i say be very protective over your job that you have now. continue to hone your skills in not only the job you have, but make sure -- you noy a lot of people are changing -- you know, a lot of people are changing careers to be productive in the workforce and to contribute. i think education is key. whether it be going to school part-time -- and i know these things cost money, but whether it be on-line or it be seeking some sort of education in another area to make sure that your skill set is diverse. >> you mentioned on-line. there is a lot of stuff on-line in a good way that you can actually gain some knowl
and buying more cars and supposedly if we avoid going over this fiscal cliff it will be good for the manufacturing sector. you are not saying happy days are here again, but there is cause for caution. >> i am saying let's not pop champagne bottles. let's see how this goes month after month for a period of six months. and then make a better a -- make a better assessment fnlt. >> if you were advising those people, kyle, who find themselves with smaller salaries, what do you say?...
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economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a billion- dollar business. >> think we're going to be over 5,000 to 6,000 people by five years. >> reporter: so another 3,000 or ll000. th yeah. >> reporter: nationally job f owth has been steady but slow. so far in 2012 the economy has added an average of 151,000 jobs a month. >> we are creating more jobs but the pace of that hasn't really thanged much in the last two years. >> reporter: this chief investment strategist with the the blackrock says the economy is caught in a circle. >> one reason the job market isn't better is consumers aren't spending and the reason consumers aren't spending is etcause the job market
economy ndntinued to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a...
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cliff is people feel a little bit more secure in their jobs. they know their company's in pretty good shape. what we need to see next are companies starting to grow, get more demand for treer products and services and start hiring. let's hope we see it in 2013. host: morgantown, go ahead? caller: yeah, i think george bush sold all our jobs overseas, and he ought to be sell all that oil he got and give the money to the people where they can take that money they've got there overseas -- caller: yeah, mr. newman, i think it is. you've really got some good points. but i was wondering, can you give me an answer for this theory i got. we got to remember that we were living in this bubble and we're never, ever, and we shouldn't ever try to get back to that inflated, unnatural way that we lived. we all don't need a big 50 inch screen tv. i mean, it's got to start at home. we have to learn to live within our means and i mean the big companies too. because they get to hire the big tax lawyers, accountants who can do big tricks. well boo, boo, boo. that's
cliff is people feel a little bit more secure in their jobs. they know their company's in pretty good shape. what we need to see next are companies starting to grow, get more demand for treer products and services and start hiring. let's hope we see it in 2013. host: morgantown, go ahead? caller: yeah, i think george bush sold all our jobs overseas, and he ought to be sell all that oil he got and give the money to the people where they can take that money they've got there overseas -- caller:...
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here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap. >> house speaker john bainers says his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk but no action. yeah. a lot of talk but no action, or as they call that in college a date. >> good morning, everyone. i'm randi kaye. victor is off today. it's 9:00 on the east coast. 6:00 a.m. out west. thanks so much for starting your day with us. we start this morning with the supreme court and the decision to hear two major cases on same-sex marriage. justices will hear arguments against the federal government's defense of marriage act and california's proposition eight. prop 8 banned same-sex marriage
here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap....
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jobs. the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers? >> the payroll survey which is where we get the jobs created is generally a large company survey. so it may not pick up where the jobs were lost from the hurricane. the problem too is although the headline was positive the prior couple of months were revised down by a similar amount. i would say the report in general was about a neutral. >> also the fact the one employment rate dropped to 7.4% had a lot to do with fact people gave up looking for work. >> that's the rub. the headline is good. a big part of that reason is that over 300,000 people dropped out of the workforce
jobs. the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers?...
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cliff. >> we must reform the job killing tax code by getting rid of loopholes. our goal should be to create new taxpayers. the gop commented raising taxes won't solve the nation's 16 trillon dollar debt. the potentialal candidate in 2016 he said only economic growth and reformingen titlement programs can control the debt. >> the former florida governor said is he a democrat now. he announced that last night. he posted a photograph where he was holding a voter application. the times reported that he signed papers to change to democrat at a christmas reception at the white house. >> yesterday marked the 71st anniversary of the pearl harbor attacks and many paused to remember that faceful day. in hawaii there was a moment of silence. that surprise attack killed about 2400 people. it was the start of the united states involvement in world war ii. >>> in alameda pearl harbor survivors took part in the ceremony at the coast guard island. the 21 guard salute honored the survivors, they are still fresh for the men who were there. 91-year-old was on the west virginia dur
cliff. >> we must reform the job killing tax code by getting rid of loopholes. our goal should be to create new taxpayers. the gop commented raising taxes won't solve the nation's 16 trillon dollar debt. the potentialal candidate in 2016 he said only economic growth and reformingen titlement programs can control the debt. >> the former florida governor said is he a democrat now. he announced that last night. he posted a photograph where he was holding a voter application. the times...
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Dec 8, 2012
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you want to get a sense of just how important this -- i hate to even say it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which y
you want to get a sense of just how important this -- i hate to even say it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the...